$12.540
-0.099 (-0.79%)Zum Schluss
SHYF-News
SHYF-Events
Shyft Group, Aebi Schmidt Group complete merger
The Shyft Group (SHYF) announced the successful completion of the previously announced merger of an indirect, wholly owned subsidiary of Aebi Schmidt Holding AG, a global provider of mission-critical infrastructure, environmental, and agricultural solutions, with and into Shyft. The combined company, now operating as "Aebi Schmidt Group", is strategically positioned as a differentiated global leader in the specialty vehicles sector, with expanded reach across North America and Europe, complementary product portfolios, and enhanced operational capabilities. Shares of Aebi Schmidt Group (AEBI) are expected to begin trading on the Nasdaq (i) on a "when-issued" basis under the ticker symbol "AEBIV" on Tuesday, July 1 and (ii) on a "regular-way" basis under the ticker symbol "AEBI" on Wednesday July 2.
Shyft Group shareholders approve merger with Aebi Schmidt Group
The Shyft Group announced its shareholders have voted to approve and adopt the merger agreement relating to the proposed merger with an indirect, wholly owned subsidiary of Aebi Schmidt Group. Approximately 99% of the shares voted were cast in favor of the transaction. The transaction is expected to close on or around July 1, subject to customary closing conditions. Upon consummation, the combined company will operate as "Aebi Schmidt Group" and is expected to trade on NASDAQ under "AEBI" around July 1.
Shyft Group sees 2025 adjusted EPS 69c-92c, consensus 78c
Sees 2025 revenue $870M-$970M, consensus $886.63M.
Shyft Group reports Q1 adjusted EPS 7c, consensus (10c)
Reports Q1 revenue $204.6M, consensus $198.97M. "We are pleased with our start to the year and the team's ability to deliver better than expected financial results," said John Dunn, CEO. "The team is focused on driving operational efficiency and commercial growth initiatives, positioning us well to continue to capture market share."
Shyft Group and Isuzu Motors expand collaboration
Shyft Group (SHYF) announced the expansion of its close collaboration with Isuzu (ISUZY) North America, positioning Shyft to grow its business and establish new operations near Isuzu's future production facility in Greenville County, South Carolina. Building on more than a decade-long relationship, the expanded collaboration is expected to create new revenue-generating opportunities, including a dedicated upfit and modification center and a new body program tailored for the North American market. As part of the transition, Shyft will continue assembling key Isuzu vehicle lines at its Charlotte, Michigan, campus throughout the multi-year production ramp-up in Greenville. Shyft's assembly expertise will also support the planning and launch of the new facility. Shyft and Isuzu are also advancing plans to establish Shyft as a long-term upfit and vehicle solutions provider supporting Isuzu's North American operations. As part of this effort, plans are progressing for Shyft to develop a dedicated upfit and modification center near the Greenville plant, expected to support Port-Installed Options, final vehicle modifications, and other upfit services for vehicles produced at the site. Isuzu's 1,000,000-square-foot Greenville facility will consolidate production, vehicle preparation, and logistics operations under one roof. Initial production is expected to begin in 2027, with further expansion in 2028.
Diese Seite dient nur der Recherche und ist keine Anlageberatung. Modelle können falsch liegen. Vergangene Wertentwicklung ist kein Indikator für die Zukunft.